Lockheed Martin (LMT), the world's largest military weapons manufacturer, raised its quarterly dividend by 19% from 63 cents per share to 75 cents, its eighth consecutive annual increase.
The aerospace and defense firm will pay the higher dividend Dec. 31 to shareholders of record as of Dec. 1 for a new annualized yield of 4.1%.
Hingham Institution for Savings (HIFS) upped its dividend by a penny to 24 cents per share, to be paid Oct. 20 to stockholders of record as of Oct. 8. The higher payout brings Hingham's yield to 2.4%.
Poultry processor Sanderson Farms (SAFM) increased its quarterly dividend 13.3% to 17 cents per share. The new payout will be available Oct. 19 to shareholders of record on Oct. 5 for a current yield of 1.6%.Finally, Covidien (COV) will pay its shareholders 11.1% more than it used to, the medical supplies maker said this week. Covidien raised its dividend to 20 cents per share, to be paid Nov. 8 to shareholders of record on Oct. 4. That brings Covidien's current yield to 2%. Covidien said last week it expects its fiscal 2011 net revenue to grow in a range between 6% and 9% year-over-year. -- Written by Miriam Marcus Reimer in New York.
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